BP appoints Golden Energy to manage newbuilding PSVs Restis-linked offshore firm claims prestige contract for up to 15 years
Liverpool dockers ponder ballot on industrial action Merseyside dismissal dispute could disrupt major carriers' services
Two more Chinese banks lodge suits against CSC Phoenix State-owned dry bulk giant faces legal action for arrears
Beneath the bows of the Triple-E Lloyd's List visits Busan to see how the world's biggest boxships are being built
Building blocks of a behemoth Modular construction perfected in South Korea underpins Maersk's Triple-E fleet
UK coastguards detained four ships last month Port state control finds numerous deficiencies
Restis releases First Business Bank National Bank of Greece takes over family-run finance firm's $400m shipping portfolio
Holth cracks glass ceiling at DNB But new head of shipping denies master plan to win top job
Maritime security industry needs more support from UK Westminster has yet to ratify international guidance, says PVI
Don't ban beaching EU moves to regulate ship recycling could undermine the Hong Kong Convention
Washington faces growing pressure to export US crude Jones Act would have to change to open new tanker-boosting trades
Engineroom blast disables UASC boxship Two officers airlifted for medical treatment after incident in the Red Sea
Hutchison boss Meredith flies the flag for UK exports Initiative targets billion-dollar port expansion in Central and South America
Go west, government trade body tells UK exporters Latin American ports' billion-dollar expansion drive seen as key opportunity
KG house Embdena will be wound up Creditors must lodge claims by June 18
Cash prices hold up despite Bangladesh and Pakistan tax worries Scrapping rates maintain mid $400s per ldt across the Indian subcontinent
Marine environment protection committee reviews ballast-water bottleneck Shipowners want leeway on deadline to install new technology
Nam Cheong sells five offshore vessels and posts 8% rise in first-quarter profit Malaysia-based shipbuilder hails prospects for additional sales of ships built on spec
Otto Marine goes back to black in first quarter Results helped by one-time gain and higher revenues in shipbuilding
Regional Container Lines loses $12m in first quarter Results cushioned by gain on sale of boxes
Otto swings to profit SINGAPORE-listed offshore yard Otto Marine emerged with meagre profit in the first quarter of the year, mainly boosted by its shipbuilding arm
IT success for Benin The Port Authority of Cotonou, Benin, won the International Association of Ports & Harbors (IAPH) IT Award at the organisation's biennial conference in Los Angeles on 9 May
LPG conversion raises imports into Indonesia INDONESIA'S efforts to get its people to substitute LPG for kerosene is paying off
China Shipping issues commercial paper CHINA Shipping (Group) issues 2.5Bn yuan ($407M) super and short-term commercial paper on 9 May, with a term of 180 days and fixed rate of interest, according to Shanghai Clearing House on Monday
More petrochemical demand wanted for LPG Speaking at the Argus LPG Asia conference, Argus Media VP (LPG, naphtha and petrochemicals) Nick Black said the gap between global LPG production and demand is 10M tonnes/year now, up from zero in 2008
RCL trims losses THAILAND'S RCL said today it was able to cut its losses in the first quarter with the disposal of some old containers worth 38M baht ($1.3M)
Nam Cheong inks $110M deals MALAYSIA'S largest OSV builder Nam Cheong said today it has sold five offshore vessels to various clients for a total of $110M
India to see growing LPG imports INDIA's push to get the whole nation to use LPG for cooking as an autogas will ensure continuing imports of the gas
Asia-Europe spot box rate plunges SPOT freight rates in Asia-Europe trade, which employs most of the largest container ships, has plunged 30% in just five weeks
Poultry Interests: Proper Cooking Kills Avian Flu Yum! Brands, the fast food chain that includes Kentucky Fried Chicken, Taco Bell and Pizza Hut, has a clearly stated corporate goal: It wants to be the McDonald's of China. With its fast, aggressive pace in opening new restaurants, Yum! has taken the lead as the top food chain in...
Distinguished Service and Port Champion Awards NORFOLK, Va. - The Virginia Maritime Association (VMA) presented its "Distinguished Service Award" to Captain J. William (Bill) Cofer, president of the Virginia Pilot Association. The VMA also presented its "Port Champion" award to the Honorable S. Chris Jones, Virginia House of Delegates, 76th District. Shirley G. Roebuck, president of...
Freight Forwarders Gather in Bangkok to Conquer the World BANGKOK - 115 members from the industry's only truly city-exclusive network, Conqueror, gathered for its 2nd Annual Meeting, 8th-10th May. The Grand Millennium Sukhumvit Bangkok provided the location for the 2nd Annual Conqueror Meeting, where 115 agents from 50+ countries gathered to fan the flame of co-operation which burns bright at...
Port Named to Canada's 'Green 30' Port Metro Vancouver has been named to the 2012 "Green 30" list of Canadian organizations whose employees are most positive about their record on environmental stewardship. The list, compiled by Aon Hewitt, is based on employee opinion data collected as part of the annual Best Employers in Canada study and...
FedEx Recognized as Best All Cargo Airline HONG KONG - FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world's largest express transportation company, has earned the Best All Cargo Airline award at the 27th Asian Freight & Supply Chain Awards (AFSCA) announced in Beijing, China. The accolade reaffirms FedEx commitment to offering an...
MacAndrews Offers Reefer Train Service in Spain MacAndrews, part of CMA CGM, has launched a refrigerated train service in Spain between Murcia and the Port of Bilbao. The train of 45-foot reefer containers, leaves from the Nonduermas Terminal in Murcia, and offers two departures in each direction a week, linking fruit and vegetable products with Europe through the...
DP World Launches Asset Management Program DP World has launched an asset management program, covering its entire global operations, as part of its strategy to improve efficiency. The new Asset Management Framework brings together all assets under one system, including quay and yard cranes, terminal yards, berth equipment, energy supply outlets and plant machinery. The program manages...
Etihad Cargo Unveils Rewards Program for Forwarders Etihad Cargo has unveiled its new loyalty program for freight forwarders called CargoConnect, a free mileage earning program that rewards companies for every booking made with the United Arab Emirates cargo operator. CargoConnect is targeted at the small and medium-sized enterprise segment of the global cargo business, Etihad Cargo said in...
Etihad Rail, Hellmann Worldwide Logistics Sign MOU Etihad Rail, the developer and operator of the United Arab Emirates' national railway network, has signed a memorandum of understanding with Hellmann Worldwide Logistics allowing Hellmann to use the rail network for its needs in the region. The agreement was signed by Nasser Al Mansoori, CEO of Etihad Rail, and Madhav...
Despite Cargo Decline, Incheon Airport Optimistic on Growth Incheon Airport handled 576,343 tons of cargo in the first quarter of 2013, down 3.2 percent from 595,367 tons in the first quarter of 2012. Conversely, in March, the South Korea airport moved 223,268 tons of cargo, an increase of 1.6 percent from 219,860 tons in March 2012. Because of the global...
Genesee & Wyoming Rail Traffic Increases Genesee & Wyoming traffic Full-size image Genesee & Wyoming, a major owner of short line and regional railroads in North America with significant operations in Australia as well, showed a second continuous month of growth in April 2013. Its 2013 numbers, when compared to 2012, show extremely large increases becuase of its acquisition of RailAmerica....
NS Automating Gates at Memphis Intermodal Facility Effective May 13, Norfolk Southern's Memphis Regional Intermodal Facility in Rossville, Tenn., will be going live with its automated gate system. As a result, truck drivers could incur slight delays while NS implements the system, according to the Class I railroad. With the implementation of the new gate system, NS will move...
India's Trade Deficit Widened in April India's trade deficit in April was $177.87 billion, widening from the deficit of $140.41 billion in April 2012. The nation's monthly exports were valued at $24.16 billion, increasing 1.68 percent from $23.8 billion in April 2012. Meanwhile, monthly imports jumped 10.96 percent from $378.07 billion to $419.52 billion...
XPO's CEO Jacobs: 'I Love Expedited' Since he became CEO of XPO Logistics in 2011, investor Bradley S. Jacobs has focused on building the company's truck brokerage business, acquiring multiple companies and increasing revenue 57 percent in 2012 to $279 million. But he hasn't forgotten or ignored XPO's Express-1 division, the fifth-largest expedited trucking company. In...
Expedited Carriers Retool in Age of 'Deferred Delivery' When shippers get their supply chains balanced just right, everything seems wrong to an expedited carrier. Right now, "supply lines appear to be in sync, GDP is growing, inventories are balanced nicely, auto production is steady and smooth," said Lou Schneeberger, president and CEO of Panther Expedited Services. "We hate that...
Ocean Carriers' Internal Battle The trans-Pacific eastbound trade is taking considerably longer than in the past to settle annual service contracts that will run through next April. With several contentious negotiations apparently having occurred with so-called champion accounts, everything else has been delayed. Some ocean carriers walked away from large deals, while others are...
Kinder outlines upgrades Kinder Morgan Energy Partners of the US is looking to splash $106m on the expansion of terminal capacity on the Houston Ship Channel.
NBG absorbs FBB The National Bank of Greece (NBG) has taken over an ailing compatriot backed by Greek shipowner Victor Restis.
Paradise firms up sale Paradise Navigation of Greece appears to have finalised the sale of a long-range-one products tanker that was freed by Somali pirates after ten months of captivity nearly two years ago.
Buy or sell? Wall Street remains divided on whether Nordic American Tankers (NAT) will be able to maintain its dividend while pursuing fleet expansion after turning in its 12 consecutive quarterly loss.
GMI tied to orders Global Maritime Investments (GMI) has been linked to a series of orders for up to five kamsarmax bulkers at shipyards in China.
Matsuda quits US Maritime Administrator David Matsuda, whose job performance had come under question by federal lawmakers, has announced his resignation.
Mokster firms PSV Vard Holdings has confirmed a deal with Simon Mokster Shipping for the construction of a new platform supply vessel.
SwissMarine back for cape SwissMarine has returned to the capesize period market after a gap of three months.
Rapid rise for Songa CEO Arne Blystad's Songa Offshore has promoted an executive to the role of CEO only two weeks after he joined the company.
Ship under the hammer Turkey is auctioning off a general cargoship under bankruptcy and enforcement regulations in Istanbul.
VLs fire Frontline stock John Fredriksen enjoyed a late birthday present today as shares in Frontline shot up on the back on an improving VLCC freight market.
Asylum seeker unmasked A Somali pirate has been arrested in Germany after seeking asylum under a false name.
Eidesvik takes big hit Eidesvik Offshore plunged to a first quarter net loss as financial items cost it dearly.
Sunship crew freed All five officers seized from a Sunship boxship off Nigeria last month have been released unharmed.
STX PO bins bulker STX Pan Ocean has raised further cash following a scrap deal for one of its small bulkers.
Otto returns to black Otto Marine has edged back into the black following a vessel sale and lower losses at its geophysical segment.
Navios in cape swoop Angeliki Frangou appears to have continued her recent spending spree by picking up a capesize bulker once owned by bankrupt Korea Line Corp (KLC).
ECA stretches north Canada is following the US by adopting the IMO's North American Emission Control Area (ECA) rules.
De Bruin eyes Merwede Dutch billionaire Cees de Bruin will launch a takeover bid for shipbuilder IHC Merwede.
NAT stays red Nordic American Tankers slipped deeper into the red in the first quarter as revenue was sliced in a weak market.
OCBC downs Marco Polo OCBC Research has downgraded Marco Polo Marine after the company delivered a 'soft' set of first quarter numbers.
Toei turns it around Japan's Toei Reefer Line has returned to profit in the year to 31 March, but its outlook is weaker.
Auction imminent An Irish judge has ordered the sale of a Liberian-owned cargoship to recover wages for its crew.
RCL stays red Regional Container Lines has warned of vessel impairments unless charter rates improve.
Cape heads for the chop Toyo Sangyo of Japan has tossed its oldest capesize bulker on the scrap heap.
Meiji stronger Japan's Meiji Shipping will post a bigger than expected annual profit as revenue rises.
GSI deal pending Guangzhou Shipyard International has placed its shares on ice in Hong Kong and Shanghai while it looks to thrash out a major transaction.
Bijela back in black Montenegrin shipyard Jadransko Brodogradiliste Bijela has returned to profit in the first quarter.
Crew safe after sinking Eighteen crew were rescued after their Chinese cargoship hit a bridge and sank in the Yangtze river.
Blast injures four Four crew have been hurt in an explosion on a UASC boxship in the Red Sea.
Nam Cheong profits up Nam Cheong has posted an 8% increase in first quarter net profits to just under MYR36m ($12m), the company said Monday.
Aban ties up two Aban Offshore has secured charters for a pair of jack-up drilling rigs in waters off Mexico in deals worth $329m in total.
Double attack off Togo Togo in West Africa has seen two attempted tanker hijackings in a little over four days, a piracy watch dog has disclosed.
Nam Cheong sells five Malaysian shipbuilder Nam Cheong has continued its good run of form with the sale of five more vessels worth $110m.
Teamsters call YRC's proposed acquisition 'unconscionable' "We want to give credit to ABF for rejecting this gambit, and we now will demand from YRC a full accounting of the calculations and decisions that went into their latest misstep," said Teamsters general president James Hoffa.
SeaIntel: Some Asia-Europe rates have turned negative
Coyne: Third runway necessary at Heathrow In a speech last week in London, Larry Coyne, CEO of Coyne Airways, said U.K. logistics firms are vulnerable to losing out on business to companies in mainland Europe if the capacity crunch is not addressed.
3 injured by engine room explosion on UASC ship
Report: UASC joins China Shipping in big ship service
Port of Seattle names Beckett deputy CEO
Congressman calls TWIC cards 'farcical'
CaroTrans starts Baltic/CIS service from New York
FAA confirms budget fix ends furloughs Legislation gives agency flexibility to move money from its Airport Improvement Program to the personnel account to cover $637 million in planned cuts that would have required controllers to take a day of unpaid leave every two weeks.
Air Canada, Airbus form biofuels partnership
Norfolk Southern shuffles senior management
Virginia port poised to support offshore wind projects The port has lay-down space for wind towers, blades, cable and other hardware and equipment at its 285-acre Portsmouth Marine Terminal, which recently was converted to a breakbulk and roll-on/roll-off cargo facility.
Study says logistics firms suffer from high pricing pressure
Prices down across the board Markets were generally soft.
Market lacks direction in Fujiarah Prices were down in South African ports.
US presents revised energy efficiency proposal to IMO Could be a way of getting around obstacles for approving market based measures.
Bunker prices fall in Asian ports But MGO presents mixed picture.
Iran says share of regional bunker market has fallen Now standing at less than 10%.
Final MEPC for Chrysostomou New MEPC Chairman to be elected this week.
ABB offers advice on improving fuel efficiency for PSVs 'Offshore drillships and support vessels cannot optimise fuel efficiency by using the same electric power system as ocean-going vessels.'
Singapore bunker sales up month-on-month Demand for 500 cSt material up by 9%.
Brittany Ferries: ECA could lead to company's 'collapse' Higher fuel costs could make operations 'unsustainable'.
MAN Diesel: G-type engine meeting fuel efficiency trend Shipping market seeking to optimise efficiency 'in recent times', says firm.
Deltamarin wins orders for 'fuel-efficient' vessels New ships will be built based on the firm's B.Delta design series that focuses on saving bunkers.
Firm to 'focus' on Suez Canal bunkering project in 2013 'Strong progress' in bunkering terminal and logistics hub, says Citadel Capital.
DNV: Fewer off-spec bunker samples at Colombo Off-spec rate of Sri Lanka bunkers lower than Singapore's.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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